NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 4. PROPERTY, PLANT AND EQUIPMENT (CONT’D) Company Leasehold improvements Machinery Office furniture and fittings Computer equipment Motor vehicle Total $’000 $’000 $’000 $’000 $’000 $’000 Cost: At 1 January 2024 2,919 21 252 247 216 3,655 Additions 5 1 2 – 8 Disposals – – – (3) – (3) At 31 December 2024 and 1 January 2025 2,924 21 253 246 216 3,660 Additions 2 – 11 19 – 32 Disposals – – – (1) – (1) At 31 December 2025 2,926 21 264 264 216 3,691 Accumulated depreciation: At 1 January 2024 2,169 21 239 242 216 2,887 Charge for the year 292 – 4 3 – 299 Disposals – – – (2) – (2) At 31 December 2024 and 1 January 2025 2,461 21 243 243 216 3,184 Charge for the year 292 – 6 5 – 303 Disposals – – – (1) – (1) At 31 December 2025 2,753 21 249 247 216 3,486 Net carrying value: At 31 December 2025 173 – 15 17 – 205 At 31 December 2024 463 – 10 3 – 476 5. INVESTMENT IN SUBSIDIARIES AND AMOUNTS DUE FROM/(TO) SUBSIDIARIES Company 2025 2024 $’000 $’000 Unquoted shares, at cost 374,944 313,901 Impairment losses (55,204) (62,366) 319,740 251,535 Details of the subsidiaries are set out in Note 3. Company 2025 2024 $’000 $’000 Impairment losses As at 1 January 62,366 62,366 Write back of impairment loss on investment in a subsidiary (7,162) – As at 31 December 55,204 62,366 As at 31 December 2025 and 31 December 2024, the Group does not have any subsidiaries that have non-controlling interests (NCI) that are material to the Group. ANNUAL REPORT 2025 149
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